Company
Every investor coverage indicates participated in a round ERM Power raised.
Every published round ERM Power took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies ERM Power has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for ERM Power, as distinct from the investments it has made.
Companies ERM Power has backed that another company then bought. An exit for the holding, not a deal ERM Power did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of ERM Power is recorded as having been acquired. | ||||
The transaction that ended ERM Power's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| Shell | Acquisition | 2020 | - | Startup News (WA) (Fri 3 Sep 2021), Startup News (WA) (Thu 17 Dec 2020), Startup News (WA) (Thu 15 Oct 2020) |
Companies ERM Power acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Jon Stretch | CEO | ARENA |
Stories naming ERM Power. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Trevor St Baker is launching a second investment fund seeking $200 million from outside backers, after his first vehicle backed Tritium, Novonix, Evie Networks and other energy and mobility companies.
The renewable energy agency is funding a startup's trial of removable solar panels on 25 commercial and government buildings across three states, with an energy retailer coordinating the site owners.
Also @AuManufacturing
Shell's takeover of Powershop from Meridian Energy has upset green-minded customers; Environment Victoria cut ties, while renewable-focused retailers reported sign-up surges as defectors shop elsewhere.
Also SmartCompany
Two WA startups, Gridcognition and Cass Materials, join other Australian companies pitching at Startmate's first remote demo day; the piece also recalls the founders' earlier sale of Greensense and Shell's takeover of ERM Power.